Eutelsat Communications: Eutelsat Expands Use of Express Wi-Fi in Partnership With Facebook to Extend Wi-Fi Connectivity Throughout Sub-Saharan Africa
Showcasing the power of satellite connectivity to bridge the digital divide
Regulatory News:
Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) is expanding its use of the Express Wi-Fi platform in partnership with Facebook to provide broadband services via satellite across several regions in Sub-Saharan Africa. With Express Wi-Fi, Eutelsat aims to connect thousands of people in rural and underserved communities spanning Democratic Republic of Congo (DRC), Nigeria, Côte d Ivoire, Tanzania, Uganda, Zambia, Kenya, Madagascar, South Africa, Cameroon, Ghana and Zimbabwe.
Eutelsat Enters LEO Space through Investment in OneWeb
Similar governance rights to UK Government and Bharti Global
Strong commercial potential for win-win co-operation thanks to complementarity of resources and assets
Consistent with our financial objectives and dividend policy
Regulatory News:
Eutelsat Communications (Paris:ETL) has entered into an agreement with OneWeb for the subscription of a c.24% equity stake, becoming a leading shareholder of the company alongside the UK Government and Bharti Global. Eutelsat will invest $550 million in OneWeb, with closing expected in H2 2021 subject to regulatory authorisations.
With much of its global network already deployed, the OneWeb constellation, which enjoys valuable ITU-backed priority spectrum rights, will operate 648 satellites in low orbit (LEO) offering low latency. This first generation of satellites will offer significant regional coverage by the end of 2021, reaching global coverage the following year. OneWeb wil
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Eutelsat Communications: First Half 2020-21 Results
February 12, 2021 GMT
Regulatory News:
The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) (Paris:ETL), chaired by Dominique D’Hinnin, reviewed the financial results for the half-year ended 31 December 2020.
Key Financial Data
635.8
77.8
140.7
107.9
117.6
3.20
Commenting on the First Half, Rodolphe Belmer Chief Executive Officer of Eutelsat Communications, said:
“Eutelsat has produced a solid First Half performance with Operating Verticals revenues down by 2%, reflecting our resilience in the Covid-19 impacted context, and with an EBITDA margin at 76.7%, despite the costs associated with Broadband ramp-up. Free-cash flow generation at the half year stage already amply covers the dividend paid in November. The past six months have been dynamic from a commercial point of view with the
Eutelsat Communications: Eutelsat Entrusted once again by the European GNSS Agency (GSA) to Host EGNOS GEO-4 Payload
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The European GNSS Agency (GSA) has selected Eutelsat Communications (Euronext Paris: ETL) (Paris:ETL) for the development, integration and operation of its next-generation EGNOS GEO-4 service.
The contract agreed between Eutelsat and GSA covers 15 years of service provision and represents a total value of €100m, of which €85m subject to the confirmation of funds allocated to the EGNOS program from the European Union budget for the period 2021-2027.